SG Americas Securities LLC Has $186,000 Stock Position in Carter Bankshares, Inc. (NASDAQ:CARE)

SG Americas Securities LLC boosted its holdings in shares of Carter Bankshares, Inc. (NASDAQ:CARE) by 16.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,407 shares of the company’s stock after buying an additional 1,776 shares during the period. SG Americas Securities LLC owned approximately 0.05% of Carter Bankshares worth $186,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Trexquant Investment LP raised its position in Carter Bankshares by 58.1% during the third quarter. Trexquant Investment LP now owns 32,265 shares of the company’s stock valued at $404,000 after buying an additional 11,856 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Carter Bankshares by 64.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 6,703 shares of the company’s stock valued at $84,000 after purchasing an additional 2,628 shares in the last quarter. PDT Partners LLC purchased a new position in Carter Bankshares in the second quarter valued at about $136,000. UBS Group AG grew its stake in Carter Bankshares by 39.0% in the first quarter. UBS Group AG now owns 9,167 shares of the company’s stock valued at $128,000 after purchasing an additional 2,572 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in Carter Bankshares by 1,578.1% in the third quarter. Tower Research Capital LLC TRC now owns 9,431 shares of the company’s stock valued at $118,000 after purchasing an additional 8,869 shares in the last quarter. 41.48% of the stock is owned by institutional investors and hedge funds.

Carter Bankshares Stock Performance

Shares of NASDAQ CARE opened at $11.46 on Friday. The business’s 50-day moving average price is $12.92 and its two-hundred day moving average price is $13.04. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.93 and a quick ratio of 0.93. Carter Bankshares, Inc. has a one year low of $10.43 and a one year high of $16.74. The company has a market capitalization of $263.81 million, a P/E ratio of 11.58 and a beta of 0.94.

Carter Bankshares (NASDAQ:CARE) last issued its earnings results on Thursday, January 25th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.19). Carter Bankshares had a net margin of 10.89% and a return on equity of 7.49%. The firm had revenue of $30.67 million during the quarter, compared to analysts’ expectations of $32.62 million. Analysts anticipate that Carter Bankshares, Inc. will post 1.83 earnings per share for the current fiscal year.

About Carter Bankshares

Carter Bankshares, Inc operates as the bank holding company for Carter Bank & Trust that provides various banking products and services in the United States. It accepts various deposit products, including checking, savings, retirement, and money market accounts, as well as certificates of deposits.